Corporate Social Responsibility in Nepal - 1457 Words

Essay on Corporate Social Responsibility in Context of Nepal Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large. While there is no universal definition of corporate social responsibility, it generally refers to transparent business practices that are based on ethical values, Compliance with legal requirements, and respect for people, communities, and the environment. Thus, beyond making profits, companies are responsible for the totality of their impact on people and the planet. In the business community, CSR is alternatively†¦show more content†¦* Standard Chartered Bank Nepal Limited launched two major initiatives in 2003 under its Believing in Life campaign- Living with HIV/AIDS and Seeing believes . According to the definition of the European Commission of 2001, CSR is more and more developing into a tool for societal cooperation and the active shaping of globalization. This means for Nepal, that business people should become aware of their power to make peace robust and lasting. Job creation, equal employment opportunities, education and the beginning of dialogue and cooperation between the different sectors and opponents in society are valuable contributions of the private sector. At the same time, these activities will help to make Nepalese economy more successful. Some activities in the field of CSR are currently carried out in Nepal but their visibility is low, they lack coherence, strategy and exchange. Since only few companies in Nepal are part of international supply chains, the pressure to exercise CSR is very low. Many of the present activities are started out of a conviction in the spirit of philanthropy; marketing in this field is regarded as immoral. Therefore the l ink to core business is often missing. As a starting point these initiatives are valuable, however they need to be connected and further developed. Carrying out CSR does not necessarily cost a lot of money. The more the activities are connected to the company, itsShow MoreRelatedManagerial Perceptions On Occupational Health And Safety1742 Words   |  7 PagesResearch Proposal on the Managerial Perceptions on Occupational Health and Safety (OHS) Practices in Nepal 1 INTRODUCTION: 1.1 Introduction and Background of the study We are today in the 21st Century where the world have been a business hub driven by technology. Major four pillars of any business today is Man, Material, Machine and Money. To be specific, Man is required to bring in about a co relation between the other resources. 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